v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

The cost and accumulated depreciation of property and equipment were as follows (in thousands):

 

 

June 30,
2026

 

 

December 31,
2025

 

Lab equipment

 

$

4,035

 

 

$

4,035

 

Computer and office equipment

 

 

1,789

 

 

 

1,759

 

Construction in process

 

 

—

 

 

 

20

 

Total property and equipment

 

 

5,824

 

 

 

5,814

 

Less: accumulated depreciation

 

 

(4,483

)

 

 

(3,911

)

Total property and equipment, net

 

$

1,341

 

 

$

1,903

 

Depreciation expense was $0.3 million for each of the three months ended June 30, 2026 and June 30, 2025. Depreciation expense was $0.6 million for the six months ended June 30, 2026 and $0.7 million for the six months ended June 30, 2025.

During the second quarter of 2025, the Company also took $0.7 million in non-cash charges to research and development and general and administrative expense, associated with the impairment of unused lab equipment and computer and office equipment.